Brenntag Acquires Distributor of Specialty Chemicals in Australia and New Zealand

10:13 PM MDT | July 2, 2012 | Deepti Ramesh

Brenntag says it has signed a purchase agreement to acquire the entire business of the ISM/Salkat Group (Highett, Australia), a leading distributor of specialty chemicals in Australia and New Zealand. Financial details of the deal were not disclosed. ISM/Salkat expects to record sales of A$117 million ($120 million) in 2012. The transaction is expected to close this month. The acquisition significantly expands Brenntag’s market position in Australia and New Zealand and strengthens the company’s platform for long-term growth in the region, Brenntag...